Enter your Vehicle Type, Sale Price, Battery Capacity (kWh), Tax Filing Status, Adjusted Gross Income (AGI), and State into the EV Tax Credit Calculator to find your Federal Tax Credit, State Incentive, and Effective Vehicle Price — so you know exactly what that electric ride will actually cost you after credits.
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The federal tax credit for new electric vehicles is up to $7,500, depending on the vehicle's battery capacity and final assembly location. The vehicle must meet specific requirements including domestic assembly and battery component sourcing.
Yes, for new vehicles, the credit phases out for single filers with AGI over $150,000, married filing jointly over $300,000, and head of household over $225,000. Used vehicle credits phase out at $75,000 for single filers and $150,000 for joint filers.
Used EVs qualify for up to $4,000 or 30% of the sale price, whichever is less. The vehicle must be at least 2 model years old, cost $25,000 or less, and be purchased from a licensed dealer.
Yes, federal and state incentives can typically be combined. Many states offer additional rebates, tax credits, or other incentives that stack with federal credits, significantly reducing your total cost.
Plug-in hybrids can qualify for federal credits, but the amount depends on battery capacity. Vehicles with at least 5 kWh qualify for a base $2,500 credit, plus $417 for each kWh above 5 kWh, up to the $7,500 maximum.
The federal EV tax credit is applied when you file your annual tax return, reducing your tax liability. Some dealers now offer point-of-sale rebates, allowing you to receive the benefit immediately at purchase.